Merged company will enhance and scale up SES’s existing video capabilities to deliver and monetise video services across linear and non-linear platforms
LUXEMBOURG - Wednesday, July 6th 2016 [ME NewsWire]
(BUSINESS WIRE)-- SES S.A. (Euronext Paris:SESG) (LuxX:SESG) announced today the successful completion of the merger of RR Media (NASDAQ: RRM), a leading provider of global digital media services, with its wholly-owned subsidiary, SES Platform Services.
SES has acquired RR Media for USD 13.291 per share, leading to an enterprise value of USD 242.2 million. The transaction was completed following satisfaction of the closing conditions and receipt of the necessary regulatory approvals.
Trading in RR Media's ordinary shares on the Nasdaq Stock Exchange has been halted as of start of trading on Wednesday, 6 July 2016 and will be suspended effective as of the close of trading on that same day.
The merged company, which will operate as MX
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